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ASIC sticks to its guns

The reissuing of the Australian Securities and Investments Commission information sheet on forward-looking statements in the mining sector has been published with little change from the original that sparked debate in the industry.

ASIC sticks to its guns ASIC sticks to its guns ASIC sticks to its guns ASIC sticks to its guns ASIC sticks to its guns

Stavely MD Chris Cairns said the ASIC update was still ambiguous

ASIC maintained that forward-looking statements needed to be based on “reasonable grounds” as had always been required under law.

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